Private Equity owns them - expect cuts to maximize resale value
Pros
401k match switched to dollar for dollar effective 2026. Paid parental leave is decent.
Cons
- Owned by private equity, they are making a TON of cuts e.g., people quit and their work has to be absorbed by the existing team. - They are currently using AI programs to monitor employees and the time they spend working. - When PE bought them, they immediately terminated dozens of employees before selling off that entire line of business. People were notified of this change in employment status right before Christmas. - My manager actively prevented me from pursuing promotions and using my tuition reimbursement. - The CFO brags about YOY record revenue, but pay increases for home office employees stuck to the 3% increase, not keeping pace with inflation. - They continue to spend millions on Financial Advisor incentive trips and programs - The employee ownership program is very much just a way to get people to work harder without guaranteeing any additional pay - Mandatory time in office, just to have virtual calls with the full-time remote crowd - The average age of employees is 55+, meaning things like health insurance benefits cost WAY more than they would normally - They don't pay out PTO when you leave - Performance reviews are not standard, so depending on where you are, your comp will vary. - Private equity is doing what it has to in order to sell Janney in a few years. They are not invested in long-term success. This is not a good, stable time to get a job here.
